Acharya, Viral V.; Imbierowicz, Björn; Steffen, Sascha; … - 2019
2006 to June 2010 period. We find evidence consistent with an impaired transmission channel due to bank risk. Central bank … liquidity does not translate into lower loan spreads for high-risk banks, even as it lowers deposit rates for both high-risk and … low-risk banks. This adversely affects the balance sheets of high-risk bank borrowers, leading to lower payouts, lower …